Except they did So Peak6 is really a combo PE/Fintech/MM firm. They own Apex, for example, which I clear through and is a great firm, but their revenue doesn't come from their own prop trading. They also have a company the runs the software behind flood insurance, and a bunch of other cats and dogs in addition to their MM operation. That 57% didn't come from trading public equities, and as you mentioned certainly not trading them at a retail level. It's certainly reasonable to get consistent 57% plus returns on money invested in an operating business or even in PE investments, there are thousands of folks who have accomplished that, heck even I've been able to pull that off for two separate companies over the last decade. That's a completely different universe from a punter trading options or stocks as is being discussed here. Trading is fun to me because it's challenging, but it's not nearly as easy a way to consistently make money as starting a business.
You should watch the video and read their filings. The 57% comes from the trading firm. APEX is in the holding company, although they still clear some trades through them.
5% a month? Firstly forget the amount of money. It isn't going to happen like this. Need to stop thinking about the amount of money and start thinking only in terms of %. If you trade forex you can easily trade with a million dollar account. Not an issue. Find the right broker will be a good start. Happy to give you a referral link if you would like ; -) PM me if you are. It would be advisable to break your account into 5 different accounts and then link your accounts that they all copy one account. This is possible. This would be a good idea as you would then have more payment protection. All my best, Crash101.
Heard from a chatroom operator that he has a 99% winning % in daytrading over 20 years. Full of crock!
99% winning % funny..... gosh... prehaps if you have a massive stop loss then prehaps this could be true, but you wouldnt ever be making any money!!
someone here already answered with mini ES as an example 50K per month = about $2500 per day on average that's 5 points on 10 lots per day 5p*$50*10lots= $2500 with daily range about 40p at these levels that's about 12.5% daily range pullout per day on average typical exchange margin 12k per lot, thus 120K deposit for 10 lots you'll need the edge, discipline, trading experience, skill set but if you don't have those - you will lose for sure. + plenty of other tradables with similar level of volatility